New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-21


The assignee added that had not been possible for
him to give the actual value OF the stocks aud bonds
named in the schedule He said that the necessary APP
praiseents would be completed as fast as possible lie
had given the face value OF the securities but OF 'he
market value other persons could Judge better man ad
Dosby could do The greater part the assets peageu
10 secure the and bills payable, when togeer
amount S7O26065 The assignee SAID that mere was
considerable amount Of various securities In his HANDS,
hut he could not specify the sum or the names OF the
securities 1t presumed that they are chleny tnose
mai had not been issued either for lack OF oppOr-
tunity or an appearance of legality. Inc
=, the debt. the ss' raoaa companies
hope obtain by paying of the leans but
fulv carried out The Cincinnati Hamilton and DAYTON
Railroad 10 the largest deposition anu It's friends would
like 10 save it and themselves the heavy loss which
the Ives management has entailed upon it. Other
creditors unsecured but not interested IN that company
are likely to oppose the projects of the ALLEGED synd
cate r6e assignee first 10 publish the LA
biies in detail but II Is UNDERSTOOD that at tne soicA
non of Mr. Ives he himself with the brief sum
mary The excuse was that fuller publication might
injare the prospects OF the proposed syndlIAte.
The value the stocks and bonds OF the ives raroas
which are the principal part OF the assets is doubtful
ii depends IN part upon nat may ne reIo'ereu nr" M
bankrupt rm. and that depends upon Tue aoy Oh we
creditors to hold together and save the companies
from almost imminent wreck; ;,. dns n p, pre-
given to Robert Garrett on account OF the grca bi.
more and Ohio deals included among the assets Du us
worth creditors may be said TO be at least prop
Mr. Ives with his partners were at the office OF the
assignee during the greater part OF inc
day and he personally supervised the statement
as was being PREPARED LoI PoIires in The Minera
Range Railroad. BY this act they ceased 10 ne el her
railroad magnates or managers ny asreelheI ue.meo
new ticket prepared which Will be elected at the
annual meeting on Tuesday r,.. -.
Friday an compelling the members OF the hrln TO
certain Important books which were not found at the
Office when the assgnee took possession Iney over s
a large part OF 1856 and about three months OF
the present year The books were IN the firms posses
sion until within days OF the assignment nut tney
funuh Ina s.
demands the members of the hrn rep simply ina teg
have no knowledge about them Ihelr mySterou'
Disappearance Is not likely to have any lmp1rltn ecI
on the res alt OF Investigation, unless should lhcte
the creditors TO pursue more decisive course MT
Cromwell said that he resorted to this course only amer
he found that he could not otherwise obtain what be
loEged 10 him merely the property or the firm Inc
OF the books did not prevent the couple ION OF
the promised II he IN Time he
enough books ana memoranda covering
the period to enable expert accountants to reGonsrt
the missing volumes Inc new phase or the 1llhs
affairs caused some talk but little surprise III "aii
Sueet yesterday.
are supposed they we're in their proper places until
the assignee informed me they were missing cannot
account their disappearance but assure you that
know nothing about it,"
Partner stayner remarked with fine touch OF satire
You are wearing them AS charm to your watch
chia."
Mr. Ives continued az shall be the largest loser If the
books not found No. have not engaged LAWYER 10
appear Monday. should hardly suppose mat
needed can nothing in court or here except
that know nothing about tue books . -, -
western railroad officer who is thoroughly familiar
with the value of the properties recently under the Ives
management last night estimated the asses named In
the schedule as worth possibly $25 J.OlO over the
amount OF tue secured debt ON this calcula ION inc
deposits" OF nearly S9,5oOoOo wiz be hracuccaI-
" a total loss The Cincinnati HAM ton
and Dayton will lose the amount of the preferred stock
which sold TO Ives Co. without avaluaDe CONSIDER
aiion and the money and securities tn were IN the
oompsny's treasury said TO be about S2.5Oo00O Inc
losses may be stated follows: Cincinnati. Ham on
and DAYTON 81 600 900 Terre Haute and Indianapolis
Vandaia line). 81 800 600; Mineral Range, 100000
bud Dayton, Fort Wayne and Chicago $looooo; to'a
OF 80, 100000